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Home appraisal checklist4/21/2024 ![]() ![]() O any structure where the wood touches ground A pest inspection is always required for: O Each living unit must be provided with a sewage disposal system that is adequate to dispose of all domestic wastes and does not create a nuisance or in any way endanger the public health.įHA requires maximum assurances that a home is free of any infestation. If the local authority does not have specific requirements, the maximum contaminant levels established by the Environmental Protection Agency (EPA) will apply. If water and sewer systems are not connected to public systems, the water well and/or septic system must meet the requirements of the local health authority with jurisdiction. O Individual Water Supply and Sewage Disposal Systems Connection must be made to a public water/sewer system or a community water/sewer system. O a continuing and sufficient supply of potable water under adequate pressure and of appropriate quality for all household uses o sanitary facilities and a safe method of sewage disposal. ![]() Signs of inadequate draining include standing water proximate to the structure and no mitigation measures such as gutters or downspouts.Įach living unit must contain the following: The site must be graded to provide positive drainage away from the perimeter walls of the dwelling and to prevent standing water on the site. If a septic system is part of the subject property, the appraiser must determine whether the area is free of conditions that adversely affect the operation of the system. Materials, other pollution, hazardous activities, potential damage from soil or other differential ground movements, ground water, inadequate surface drainage, flood, erosion, excessive noise and other hazards on or off site. O may impair the customary use and enjoyment of the property These hazards include toxic chemicals, radioactive O may affect the structural soundness of the improvements ![]() O may affect the health and safety of the occupants The property must be free of all known hazards and adverse conditions that: The subject property must be adequately identified as a single, marketable real estate entity. These minimum requirements for existing housing apply to existing buildings and to the sites on which they are They provide general guidance for determining the property’s eligibility for FHA mortgage insurance. The following guidelines are HUD’s General Acceptability Criteria for existing properties. The appraiser is the on-site representative for the lender and provides preliminary verification that these standards have been met. These criteria define standards for existing properties to be eligible for FHA mortgage insurance. END OF USEFUL LIFE OF BUILDING IMPROVEMENTSģ-5 CODE ENFORCEMENT FOR EXISTING PROPERTIESģ-6 GENERAL ACCEPTABILITY CRITERIA FOR FHA-INSURED MORTGAGES.If these standards are not substantially met, the basement area cannot be counted as habitable space.ģ-4 REMAINING ECONOMIC LIFE OF BUILDING IMPROVEMENTS In all cases, use reasonable care and judgment. O The window should be at ground level however, compensating factors may allow less. ![]() O The windowsill must have a net clear opening (width x height) of at least 24 inches by 36 inches. O The windowsill may not be higher than 44 inches from the floor. The following requirements apply to the valuation of below-grade rooms: If the bedroom does not have proper light and ventilation, the room cannot be included in the gross living area. However, there are exceptions to this rule.Īs a rule, basement space does not count as habitable space. EASEMENTS, RESTRICTIONS OR ENCROACHMENTSĪs a general rule, an encroachment will cause a property to be ineligible for FHA mortgage insurance.O The appraiser must make a complete visual inspection of the subject property – interior and exterior The FHA guidelines for property analysis include specific requirements to which appraisers must adhere for the appraisal to denote any deficiencies in the subject property and protect HUD’s interest in that property I have marked items in red that are commonly called out by FHA appraisers.*** ***This is not meant to be an all inclusive list however, it will provide realtors, buyers, and sellers a good idea of what to address for an FHA loan. ![]()
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